Posthaste: Canada’s industrial heartland is bleeding jobs

17 hours ago 1

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“Goods-producing sectors employ a disproportionately high share of late career-aged workers, making them particularly vulnerable to current economic headwinds,” she said.

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poll chart Angus Reid Institute

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Canadians still have their elbows up, according to an Angus Reid Institute poll on how trade negotiations with the United States should be handled.

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Three in five Canadians said the country should take a “hard approach” in trade talks, while just 37 per cent prefer the “soft” approach, as today’s chart shows.

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More Canadians than not were willing to dump the digital services tax, saying the duty, that was axed after talks stalled, was a non-starter for a deal.

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But they have stronger feelings about supply management, with half of Canadians saying Mark Carney’s team should stand firm on this one, even if it means retaliation. Thirty-five per cent would put it on the table as a last resort and just 15 per cent would offer to end quotas and price controls.

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  • Today’s Data: Canada international securities transactions, United States retail sales, NAHB housing market index
  • Earnings: Netflix Inc., PepsiCo Inc., General Electric Co., Choice Properties Real Estate, U.S. Bancorp, Abbott Laboratories, Marsh & McLennan Cos Inc.

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market chart Financial Post

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At 66, Douglas is getting mixed messages from advisers. His financial adviser wants him to leave the money he has in his registered accounts to grow while his accountant says it is time to start drawing down those funds to minimize tax. Family Finance has some suggestions that would allow Douglas to withdraw an extra $4,500 a year and save on taxes, but he has to wait two years. Find out more

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Send us your summer job search stories

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Recently, we published a feature on the death of the summer job as student unemployment reaches crisis levels. We want to hear directly from Canadians aged 15-24 about their summer job search.

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Send us your story, in 50-100 words, and we’ll publish the best submissions in an upcoming edition of the Financial Post.

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You can submit your story by email to [email protected] under the subject heading “Summer job stories.” Please include your name, your age, the city and province where you reside, and a phone number to reach you.

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Are you worried about having enough for retirement? Do you need to adjust your portfolio? Are you starting out or making a change and wondering how to build wealth? Are you trying to make ends meet? Drop us a line at [email protected] with your contact info and the gist of your problem and we’ll find some experts to help you out while writing a Family Finance story about it (we’ll keep your name out of it, of course).

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McLister on mortgages

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Want to learn more about mortgages? Mortgage strategist Robert McLister’s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won’t want to miss. Plus check his mortgage rate page for Canada’s lowest national mortgage rates, updated daily.

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Financial Post on YouTube

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Visit the Financial Post’s YouTube channel for interviews with Canada’s leading experts in business, economics, housing, the energy sector and more.

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Today’s Posthaste was written by Pamela Heaven with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.

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Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at [email protected].

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